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| MasterCard Registers Healthy Growth in Third Quarter |
| Announcement / Corporate Nov 05, 2009, 21:01 IST |
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MasterCard today announced third quarter 2009 results for the Asia/Pacific, Middle East & Africa (APMEA)1 region. For the quarter ending 30 September 2009, the region registered growth in gross dollar volume (GDV) (18.2%), purchase volume2 (16.2%), purchase transactions (20.1%), cash transactions (30.6%) and cards issued (13.2%) versus the same period in 2008.
As of 30 September 2009, 262 million MasterCard cards (excluding Maestro® and Cirrus) had been issued by MasterCard customer financial institutions across APMEA. Cardholders in the region made 1,080 million purchase transactions in the third quarter of 2009 and could use their MasterCard cards at 29.4 million acceptance locations worldwide.
Strong GDV growth was seen across the region, including emerging markets such as India (49%) and Egypt (45%) as a result of sustained usage of both credit and debit products. The growth in the number of MasterCard cards issued was similarly strong with 31% in India and 30% in Egypt.
“We are pleased with our third quarter regional performance. The healthy growth validates our strategy to provide a broad suite of products to our bank customers which caters to their cardholders’ needs,” said Vicky Bindra, President, Asia/Pacific, Middle East & Africa, MasterCard Worldwide. “Timely actions taken to realign our resources and priorities to match customer needs, as well as our commitment to expense management, have enabled us to deliver solid results.
“As MasterCard continues to invest in the future, we will continue to work closely with our customers to ensure that we are solidly positioned to benefit from the ongoing shift toward mobile and electronic payments.”
In addition to the performance highlights, MasterCard in the APMEA region also reported a number of significant achievements for the quarter ending 30 September 2009.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
Forward-Looking Statements
Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation:
- the company’s ability to realign resources and priorities to match customer needs
- the company’s ability to benefit from the ongoing shift toward mobile and electronic payments
Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the company’s filings with the Securities and Exchange Commission (SEC), including the company’s Annual Report on Form 10-K for the year ended December 31, 2008, the company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2008 and 2009, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause the company’s results to differ materially from expected results.
- Includes Asia/Pacific (A/P) and South Asia, Middle East Africa (SAMEA) regions collectively.
- Growth in gross dollar volume and purchase volume are calculated on a local currency basis.
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